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Murrey Math Lines 01.03.2022 AUDUSD, NZDUSD

01.03.2022AUDUSD, Australian Dollar vs US DollarIn the H4 chart, AUDUSD is trading above the 200day Moving Average, thus indicating a possible ascending tendency. In this case, the price is expected to break 78 and then continue growing to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks the support at 68 to the downside. After that, the instrument may reverse and fall towards 48.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue trading upwards.NZDUSD, New Zealand Dollar vs US DollarIn the H4 chart of NZDUSD, the situation is similar. The asset is trading above the 200day Moving Average to indicate an ascending tendency. In this case, the price is expected to break 78 and continue growing to reach the resistance at 88. However, this scenario may no longer be valid if the price breaks 68 to the downside. After that, the instrument may reverse and fall towards the support at 48.As we can see in the M15 chart, the pair has broken the upside line of the VoltyChannel indicator and, as a result, may continue its growth.Back to listAttention!Forecasts presented in this section only reflect the authors private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

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